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VijaySanghishetty
Oct 30, 2015 7:36 AM

AUDJPY Long. Symmetry of higher and lower time frame patterns. Long

Australian Dollar/Japanese YenFXCM

Description

AUDJPY is forming a 4H correction pattern inside a longer time frame correction pattern.

We have to wait and watch if the 4H correction pattern ends at 50% retrace or 61.8% retrace.
Fib retrace levels are in confluence with 1:1 and 1:1.272 extension of A vs B inside the 4H correction pattern.

In either case., there will be one more wave up once the correction is over.
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